Memphis, Tennessee based International Paper announced the permanent closure of its Red River containerboard mill in Campti, Louisiana; recycling plant in Phoenix, Arizona; box plant in Hazleton, Pennsylvania; and sheet feeder facility in St. Louis, Missouri.
All facilities will cease operations by the end of April 2025. The company said that the Red River containerboard mill closure is expected to reduce its containerboard capacity by approximately 800,000 tons on an annualized basis.
In total, 495 hourly employees and 179 salaried employees will be affected. The company said it will work to minimize the impact on employees by using attrition, retirements, and current vacancies at other International Paper locations. Team members at these locations will receive outplacement assistance, access to mental health support resources and, in some cases, severance benefits.
“The decision to close any facility is difficult because of the impact on our team members, their families and the surrounding communities,” said Tom Hamic, Executive Vice President and President, North American Packaging Solutions, International Paper. “We greatly appreciate the contributions from our departing team members and will do all we can to support them.”
https://boardconvertingnews.com/ip-announces-4-facility-closures-lays-off-674-employees/
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